Monsoon has missed its date this year with granary states of Punjab and Haryana.
Monsoon has missed its date this year with granary states of Punjab and Haryana.
Allaying apprehensions over the possibility of deficit rainfall this monsoon season, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said it is too early to reach the conclusion that something adverse is happening.
According to the Approach Paper to the 12th Plan, the Commission has pegged a plan expenditure of Rs 5.83 lakh crore (Rs 5.83 trillion) for 2013-14, which is around 12 per cent more than the budgeted plan expenditure for the current fiscal.
Ahluwalia said that emerging markets would need to focus more on FDI and bonds among other measures to make up for the fall in bank credit.
Who's wooing Narendra Modi now? Which post did Sheila Dikshit refuse? What is Montek Singh Ahluwalia planning? All this and more in this week's Dilli Gupshup.
Says insurance and pension bills will be taken up in the forthcoming Budget Session.
As the suspense continued over the presence of 'foreign' representatives in the consultative committees of the Planning Commission, its Deputy Chairman Montek Singh Ahluwalia has said the issue would be discussed early next week.
Planning Commission deputy chairman Montek Singh Ahluwalia and former Planning Commission member Kirit S Parikh, who heads an expert committee on fuel pricing, may join the deliberations, official sources said.
Amid threats that India's credit rating could be downgraded and a slowdown in the economy, Planning Commission deputy chairman Montek Singh Ahluwalia said the government is taking several steps to boost investor confidence and more such measures may follow.
Even as the flagship National Rural Employment Guarantee Act scheme continues to face problems at the implementation level, Rural Development Minister Raghuvansh Prasad Singh, ignoring suggestions by Planning Commission Deputy Chairperson Montek Singh Ahluwalia and other economists, has refused to bring any major change in the scheme.
Interview with Montek Singh Ahluwalia, Deputy Chairman, Planning Commission.
Each ministry has got their mantra: build and improve infrastructure. So, each ministry is doing it.
Home Minister P Chidambaram and Planning Commission Deputy Chairman Montek Singh Ahluwalia rejected reports that they were locked in a turf war over the ambitious UIDAI project to give every Indian resident a unique ID number Aadhar.
India on Wednesday said it hopes the G-20 nations will pay heed to its call for a strong action on the issue of black money stashed in tax havens during their crucial summit in Cannes.
The Foreign Investment Promotion Board on March 6 cleared the Malaysian budget carrier AirAsia's bid to launch an airline in India by joining hands with Tata Sons.
He also indicated that the current position of the rupee is competitive against world currencies.
Says govt and Vodafone would have a reasonable compromise.
'I do not believe that you would have a booming economy when you go into elections if you had a budget which did not answer the fiscal deficit concerns.'
During the fourth quarter of last fiscal, the economy had grown at a nine-year low rate of 5.3 per cent. During the entire fiscal of 2011-12, the economy grew by 6.5 per cent.
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Planning Commission on Monday said India will not be able to achieve USD 1 trillion target for investment in the infrastructure sector during the 12th Plan (2012-17) in view of lower economic growth prospects.
The working group on food and public distribution constituted under the chairmanship of Planning Commission Deputy Chairman Montek Singh Ahluwalia is likely to recommend using the numbers effectively for streamlining PDS.
Hailing Reserve Bank's decision to cut key rates, Plan panel on Tuesday said it would boost investments and hoped the measures will have significant effect on long term borrowing rates.
Shortly before the commencement of the Sixth G20 Summit in Cannes, France, leaders of the emerging, but powerful, economies -- Brazil, Russia, India and China -- met with the intention of designing a joint strategy on how to tackle the Eurozone debt tsunami that could overrun the developing nations causing havoc.
Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday pegged India's growth this financial year at 6.5-7 per cent. He added the country had taken various steps to boost investment, the results of which would be seen in six months.
Wipro Chairman Azim Premji, Planning Commission Deputy Chairperson Montek Singh Ahluwalia, former diplomat Brajesh Mishra and Telugu thespian A Nageshwara Rao were chosen for country's second highest civilian award--Padma Vibhushan--this year.
RBI has chosen to keep all key rates and ratios unchanged in its policy review unveiled earlier in the day.
Bernanke's remarks about the possibility of scaling back of stimulus with improvement in economic conditions sent the global stock markets including that of India into tizzy.
Showing concerns over hardening inflation, the Reserve Bank today left the key interest rate unchanged but reduced cash reserve ratio by 0.25 per cent to inject Rs 17,500 crore (Rs 175 billion) liquidity into the financial system.
However, 10 per cent economic growth rate does not seem feasible, Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters here, a day before full Plan panel is to meet under the chairmanship of Prime Minister Manmohan Singh.
Between 2004-05 and 2011-12, on an average, poverty declined by two percentage points a year say experts who worked on the data.
Currently 100 per cent FDI is allowed in the sector.
Ahluwalia asks sector to share and absorb risks associated with concession agreements under PPP model.
The meeting chaired by Prime Minister Manmohan Singh was attended by Commerce and Industry Minister Kamal Nath and Planning Commission Deputy Chairman Montek Singh Ahluwalia. Industry leaders, including Ratan Tata, Rahul Bajaj, Mukesh Ambani and Sunil Bharti Mittal, who are members of the council, also participated in the discussions.
According to principal advisor with the Planning Commission and former chief statistician, Pronob Sen, there were 40-45 million more people in the age group of 15-59 between 2004-05 and 2009-10. The unemployment rate has correspondingly fallen from 2.3 per cent to 2 per cent of the labour force.
India's fiscal deficit is expected to be 5.6 per cent of gross domestic product this fiscal as against the budget estimates of 4.6 per cent of GDP.
According to official data released on Friday, industrial growth has slipped to 0.6 per cent in February this year due to contraction in power generation and mining output and poor performance of manufacturing sector.
Some reactions to RBI's monetary policy announced on Monday.
The meeting is likely to focus on removing impediments which are hampering implementation of the announced projects and policies which have been on the drawing board for long, official sources said. The social sector agenda of the prime minister includes pushing the Aam Admi Bima Yojana and Old Age Pension for the labour class, besides revamping Integrated Child Development Scheme and strengthening the public distribution system.
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